First Trust Municipal High Income ETF (FMHI)

51.03 +0.01  +0.01% NASDAQ Jul 8, 20:00 Delayed 2m USD
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Key Stats

Net Asset Value 51.00
Discount or Premium to NAV 0.07%
Turnover Ratio 71.00%
1 Year Fund Level Flows 46.10M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 2.03% 1.89% 1.89% 48
3M 7.02% 7.26% 6.06% 23
6M -3.43% -3.32% -2.76% 66
YTD -2.68% -2.70% -2.18% 67
1Y 0.61% 0.74% 0.41% 40
3Y -- -- 3.72% --
5Y -- -- 4.10% --
10Y -- -- 5.12% --
15Y -- -- 3.91% --
20Y -- -- 4.67% --
As of July 8, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 3.59% 3.59% 0.00%
Stock 0.00% 0.00% 0.00%
Bond 96.41% 103.1% 6.73%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of July 7, 2020

Region Exposure

Americas 98.87%
North America 96.80%
Latin America 2.07%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 1.13%
Japan 0.00%
Australasia 0.00%
Asia Developed 1.13%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of July 7, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

FMHI Bond Exposure

Government 0.00%
Corporate 0.00%
Securitized 0.00%
Municipal 97.95%
Cash 2.05%
Derivative 0.00%
As of July 8, 2020

FMHI Bond Credit Quality Exposure

AAA 0.24%
AA 11.27%
A 12.81%
BBB 14.99%
BB 19.91%
B 1.84%
Below B 1.01%
Not Rated 37.93%
As of May 31, 2020

FMHI Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 1.05%
183 to 364 Days 0.00%
1 to 3 Years 2.09%
3 to 5 Years 2.19%
5 to 7 Years 7.83%
7 to 10 Years 19.85%
10 to 15 Years 16.12%
15 to 20 Years 32.75%
20 to 30 Years 14.88%
Over 30 Years 3.25%
As of July 7, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- Ultra 10 Year US Treasury Note Future Sept 20 -6.58% -- --
-- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 3.40% -- --
-- ILLINOIS ST 5% 2.22% -- --
-- BERKS CNTY PA MUN AUTH UNIV REV 5% 1.96% -- --
-- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% 1.74% -- --
-- HARBOR POINT INFRASTRUCTURE IMPT DIST CONN SPL OBLIG REV 5% 1.70% -- --
-- TSASC INC N Y 5% 1.63% -- --
-- OREGON ST FACS AUTH REV 5% 1.50% -- --
-- MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% 1.44% -- --
-- ARIZONA INDL DEV AUTH ED REV 4% 1.39% -- --
As of July 8, 2020
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Basic Info

Investment Strategy
The investment seeks to provide federally tax-exempt income, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Extensive Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name High Yield Muni
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name First Trust
Benchmark Index
BBgBarc Municipal TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
J. Thomas Futrell 2.66 yrs
Johnathan Wilhelm 2.66 yrs

Net Fund Flows

1M 0.00
3M 0.00
6M 11.67M
YTD 11.67M
1Y 46.10M
3Y --
5Y --
10Y --
As of June 30, 2020

Risk Info

Beta (5Y) --
Max Drawdown (All) 16.66%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.2346
30-Day Rolling Volatility 2.93%
Daily Value at Risk (VaR) 1% (All) 1.92%
Monthly Value at Risk (VaR) 1% (All) 12.85%

Fundamentals

Dividend Yield TTM (7-8-20) 3.36%
30-Day SEC Yield (5-29-20) 3.48%
7-Day SEC Yield --
Current Yield 4.64%
Yield to Maturity --
Effective Duration 7.02
Average Coupon 4.86%
Average Credit Score 12.00 (BB)
Average Price 106.06
Number of Holdings 185
As of July 7, 2020

Comparables

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Attributes

Key Dates
Inception Date 11/2/2017
Termination Date
Last Annual Report Date 7/31/2019
Last Prospectus Date 12/2/2019
Attributes
Exchange Traded Share Yes
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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